Jobless claims are back on the rise in Miami-Dade County, and that could be a bad sign for an upcoming jobs report.
The monthly trends of first-time unemployment claims and the unemployment rate don’t always match-up, so it’s too early to read much into the latest numbers from Florida’s Department of Economic Opportunity. But with Miami-Dade still smarting from a rough jobs report from December, the ongoing trend on first-time claims offers no cause for optimism for the January employment numbers being released Monday.
First-time claims rose for the fifth straight month in February, with about 8,700 Miami-Dade residents filing for their initial unemployment benefits. That was up almost 6 percent from the total in February 2012, and brought a trailing 12-month average of the claims to its highest level since May 2012.
In Broward, the trend isn’t so glum. First-time claims hit 5,400 in February, down 8 percent from a year earlier. The 12-month trend is the lowest since August 2008.
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On Monday, state analysts are scheduled to release the January employment report for Florida’s counties. While 2012 ended with Broward adding jobs, Miami-Dade saw its first back-to-back employment drop since the summer of 2010.